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A 11-year bond pays interest of $27.60 semiannually, has a face value of $1,000, and is selling for $761.42. What are its annual coupon rate
A 11-year
bond pays interest of $27.60
semiannually, has a face value of $1,000,
and is selling for $761.42.
What are its annual coupon rate and yield to maturity?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th International Edition
0321552113, 9780321552112
